Renewable energy industry news roundup: Nov. 1–Nov. 8, 2015

In this week's renewable energy news update, President Obama officially rejects the Keystone XL project, companies and individuals invest big money in clean energy, and a new World Resources Institute study predicts renewable energy supply numbers.

Pipes for keystone pipeline in 2009

"Pipes for keystone pipeline in 2009" by shannonpatrick17/Flickr/CC BY 2.0

President Obama officially rejects Keystone XL project

President Obama announced his administration would not issue a construction permit for the controversial pipeline.

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Goldman Sachs to invest $150 billion in clean energy by 2025

The financial giant will invest in clean energy projects and technology like solar and wind farms, energy efficiency upgrades for buildings and power grid infrastructure.

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First offshore wind farm in United States set to open off Rhode Island coast

According to the National Renewable Energy Laboratory, offshore wind power in the U.S. has a potential capacity of 4,200 gigawatts. However, challenges do remain.

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Renewable energy supply to double in major economies by 2030

A new World Resources Institute study found renewable energy supply in eight major economies will more than double by 2030.

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Bill Gates pledges $2 billion to renewable energy research

The Microsoft co-founder plans to invest money from his fortune into Earth-friendly technologies.

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